Telehealth Has Best Funding Quarter Ever
Venture funding of health IT deals in 2015 Q2 amounted to $1.2 billion in 138 global deals, according to Mercom Capital Group. This was smaller than 2014 Q2, which saw $1.7 billion raised in 159 deals.
However, telehealth and mobile health continue to blow the doors off. Two of the top four deals were $50 million each for Doctor on Demand and MDLIVE. (Mercom Capital also reports public equity financings, but I do not believe this Q2 report includes the successful IPO of Teladoc, which went public on July 1.)
Although I cannot claim to have studied every deal, it appears that the ones which raised the most money are focused on the employer-based market. If the technologies they deploy really do engage employees to lower health costs, that is good news. What would also be beneficial is these tools being deployed in the individual market. Perhaps that will come as the space becomes more competitive.
